Larry Ellison Buys Hawaii’s Island Air

First Larry Ellison bought the island. Now he is buying the airline to get there.

The Oracle CEO and multi-billionaire announced this morning he has purchased Island Air, an airline that travels between the Hawaiian islands. Last year, Ellison purchased the vast majority of the island of Lanai, off the coast of Maui.

In a press release, Island Air says the deal secures the future of the company for its employees as it had been undergoing a restructuring. The company had hired a restructuring adviser earlier this month, according to Honolulu’s Star Advertiser, and had said it had a deal with an unnamed buyer.

“The entire Island Air team pulled together over the past year to restructure and position the company for success and this sale represents the culmination of that process,” said Les Murashige, Island Air president. “We welcome Mr. Ellison and we look forward to an exciting future together.”